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Several large Ethereum-based projects have come together to create the Ethereum Community Fund (EFC), a vehicle to connect and fund the growth ofEthereum(ETH) infrastructure, according to theEFC website.

The beginning basis of the EFC is the Infrastructure Grant program, which the website describes as a

“Permanent financial endowment to support and aid projects in building crucial open-source infrastructure, tooling, and applications.”

Jun Hasegawa tweeted at the participating members of the fund yesterday in celebration:

The EFC is not the first Ethereum-based global initiative created to develop Ethereum infrastructure. The Enterprise Ethereum Alliance (EEA) launched in Feb. 2017 is the world’s largest open-sourceBlockchaininitiative.